10th Circ. Judge Probes Colo. On Opt-Out Law's Lender 'Focus'

By Thy Vo

A Tenth Circuit judge asked Colorado how it can claim that an interest rate opt-out provision hinges on a borrower's location when "it's pretty clear" the statute it falls under is focused on lenders, at a hearing Tuesday in banking groups' challenge to a state law capping interest rates on consumer lending.